📝[Report Q3-2023] The 3 Major US Tight Oil Basins: the latest drilling and production trends in the Permian, Williston and Eagle Ford
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Shale Oil and Gas Insights Blog

News and insights on important developments in the major tight oil & gas basins.

Haynesville

Haynesville – update through April 2023

August 4, 2023 No Comments

Natural gas production in the Haynesville continues to set new heights and in August was about 12.2 Bcf/d (after upcoming revisions).

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North Dakota

North Dakota – update through May 2023

July 14, 2023 No Comments

Oil production in North Dakota from horizontal wells rose by less than 1% m-o-m in February, to 1.05 million b/d. Natural gas output increased by 2% to 2.8 Bcf/d. Only 63 new horizontal wells came online in the first 2 months of this year, compared with 180 in 2020 and 68 in 2021 during the same period.

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Eagle Ford

Eagle Ford – update through April 2023

June 30, 2023 1 Comment

Tight oil production in the Eagle Ford has hovered at around 1.05 million b/d since the start of this year, near the lowest levels in 9 years, and came in at just above 1 million in July (there will still be some minor upward revisions). If you switch product to ‘gas’, you’ll see that the picture for natural gas is rather different, and that it has been increasing in the last 2 years to just over 6 Bcf/d.

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Permian

Permian – update through April 2023

June 16, 2023 No Comments

Permian tight oil production grew to just below 5.3 million b/d in April (after upcoming revisions, horizontal wells only). However, April production has only been reported for a little over 70% (this is about 85% on the Texas side), which explains the drop you’re seeing for that month. April natural gas production was around 20.7 Bcf/d (also after upcoming revisions), a new record.

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Appalachia

Pennsylvania – update through March 2023

May 26, 2023 No Comments

Natural gas production in Pennsylvania was 20.2 Bcf/d in March (Hz. wells only), slightly lower than the output a year ago (20.5 Bcf/d).

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Permian

Permian – update through January 2023

April 21, 2023 No Comments

Permian tight oil production topped 5 million b/d at the end of last year and came in at around 5.2 million b/d in January (after upcoming revisions, horizontal wells only). January natural gas production was close to 20 Bcf/d, over half the amount that was produced in the Appalachia Basin. Last year 5474 horizontal wells were completed in the Permian, 15% more than in 2021.

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Industry Report: The 3 Major US Tight Oil Basins - Q3 2023

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